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According to the Law of Supply what would happen to the amount of gallons supplied if the price of gas went up?
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∙ 10y ago
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∙ 10y ago
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Change in supply and quantity supply?
Elasticity of supply refers to the rate at which the amount supplied changes in response to the changes in price. The change in supply and quantity supply is a term that is used in economics to describe the amount of goods or services that are supplied at a given market price.
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
Which of the following best defines the law of supply?
As the price of a good rises, the amount of the good supplied rises.
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
Supply and quantity supplied?
Supply means ,A fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Quantity supplied is a change in price along the supply curvereffers to the ammount of goods and services producers are able and willing to put on the market for sale at a given price in a given period of timeQuantity Supplied : The ammount of goods producers are willing to put on the market at a given price
Change in supply and quantity supply?
Elasticity of supply refers to the rate at which the amount supplied changes in response to the changes in price. The change in supply and quantity supply is a term that is used in economics to describe the amount of goods or services that are supplied at a given market price.
What is the difference between supply and quantity supplied?
Supply is the amount of a product offered for sale at all possible prices that can succeed in a market; while quantity supplied is the amount that producers are willing and able to supply are a certain price.
The amount a supplier is willing and able to supply at a certain price?
quantity supplied: amount a supplier is willing and able to supply at a certain price
Which of the following best defines the law of supply?
As the price of a good rises, the amount of the good supplied rises.
Are the number of suppliers held constant along the market supply curve?
No, the market supply curve states that amount of goods that will be supplied within an economy at a given price.
A motor with an efficiency of 75 percent must supply 240 J of useful work. What amount of work must be supplied to the motor?
At least 320 J
What part of speech is supplied?
the word "supplied" is a Verb, if that's your question.
Define supply and supply schedule?
It is a table that lists of the amount of a product that producers are willing to produce at various market prices. It shows the relationship between price and quantity supplied for a specific good.
What amount of voltage is supplied by an ordinary cell?
What amount of voltage is supplied by an ordinry cell?
Supply and quantity supplied?
Supply means ,A fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Quantity supplied is a change in price along the supply curvereffers to the ammount of goods and services producers are able and willing to put on the market for sale at a given price in a given period of timeQuantity Supplied : The ammount of goods producers are willing to put on the market at a given price
What does abundant sunshine mean?
Fully sufficient; plentiful; in copious supply; in great quantity; richly supplied. "Abundant sunshine"-plentiful amount of sunshine.
Explain briefly what is demand and supply curve?
Supply and demand is perhaps one of the most fundamental concepts of economics and it is the backbone of a market economy. Demand refers to how much quantity of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a certain price; the relationship between price and quantity demanded is known as the demand relationship. Supply represents how much the market can offer. The quantity supplied refers to the amount of a certain good producers are willing to supply when receiving a certain price. The correlation between price and how much of a good or service is supplied to the market is known as the supply relationship. Price, therefore, is a reflection of supply and demand.
